STATE AID
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Romania Supports Pirelli's EUR105M Investment With EUR35M Aid
The Romanian government will give Italian tire maker Pirelli EUR35 million in state aid so it can expand its local production line in Slatina, where the company plans to invest EUR105 millio...
Romania Plans State Aid Of EUR20M To Debt-Mired Oltchim
Romania’s Government is considering granting an emergency aid of EUR20 million to chemical plant Oltchim Ramnicu-Valcea (OLT.RO), an official of the Economy Ministry said Wednesday.
Romania Plans To Give EUR40M State Aid To Oltchim Unless Diaconescu Pays For Stake
The Romanian Government will give a EUR40 million state aid to chemical plant Oltchim Ramnicu-Valcea (OLT.RO) for the payment of wages and production restart, if the winning bidder Dan Diaco...
Government Promises Scheme To Aid SMEs In IT Sector
The Government will start talks this autumn over a state aid scheme for small and medium-sized enterprises in the IT sector, after this week it approved EUR100 million in aid for the large c...
Government To Cover 40-50% Of Salary Costs For Companies That Create 200 High-Skill Jobs
Romania's Government will cover 40%-50% of the salary expenses of companies that create at least 200 high-skilled jobs, for two years, under a state aid scheme approved Tuesday.
Romania Readies EUR100M State Aid Package For Local IT Giants
Each company that creates at least 300 new jobs and keeps them for at least five years may receive state aid worth over EUR28 million, according to a draft government decision published on t...
Bosch To Receive Aid For Romanian Investments, Won’t Be Exempted From Paying Taxes
German group Bosch will receive state aid for its planned investments in western Romania, which does not entail tax exemptions, Bosch representative Brigitte Eble told a news conference Thur...
Franks, IMF: “Wise Guys” That Refuse To Renegotiate Energy Contracts Risk Higher Losses
The “wise guys” that signed preferential contracts with hydropower producer Hidroelectrica may be fined and might have to refund the money they obtained if the investigation launched by the...
EC Looks Into “Wise Guy” Deals In Energy
The European Commission is looking into the possibility of state aid granted to the energy “wise guys” through the bilateral contracts signed with hydropower producer Hidroelectrica, and the...